Hammond housing market
Typical home value
$222K
▲ 1.0% 1 yr
Typical rent
$1,315/mo
▲ 3.2% 1 yr
12-month forecast
−1.0%
#518 of 546 metros
Gross rent yield
7.1%
#114 of 546 · U.S. 6.3%
Days to pending
82 days
▲ +2 days 1 yr
Listings with a price cut
27%
▼ −0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $221,759, up 1.0% in a year and down 2% over five years.
- 2Zillow forecasts home values falling 1.0% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,315/mo (+3.2% YoY), a 7.1% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,219/mo in principal and interest, $96 less than renting.
- 5Homes go under contract in 82 days (+2 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #303 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hammond compares
| Measure | Hammond | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.0% | +1.2% | #368 |
| Home value, 5-yr change | −1.9% | +19.7% | |
| 12-month forecast | −1.0% | +1.1% | #518 |
| Rent, 1-yr change | +3.2% | +2.7% | #280 |
| Gross rent yield | 7.1% | 6.3% | #114 |
| Price-to-rent ratio | 14.1 | 15.8 | |
| Mortgage P&I on typical home | $1,219 | $2,012 | |
| Income needed to buy | $59,740 | $100,902 | |
| Days to pending | 82 | 56 |
Cities in the Hammond metro
2 cities with home value and rent data.
| Hammond | $221K | ▲ 0.2% | $1,279 | ▲ 4.0% | 6.9% |
| Ponchatoula | $247K | ▲ 1.8% | $1,675 | ▲ 0.8% | 8.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Hammond rental ($222K, $1,315/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Hammond home.
Rent vs buy
Is it cheaper to rent or buy in Hammond?
Other Louisiana metros
New Orleans, LA
$257K home$1,577 rent7.4% yield
▲ 1.6% 1 yr
Baton Rouge, LA
$246K home$1,366 rent6.7% yield
▲ 2.7% 1 yr
Lafayette, LA
$200K home$1,385 rent8.3% yield
▲ 2.8% 1 yr
Shreveport, LA
$183K home$1,282 rent8.4% yield
▲ 3.8% 1 yr
Lake Charles, LA
$202K home$1,358 rent8.1% yield
▲ 2.3% 1 yr
Houma, LA
$181K home$1,302 rent8.6% yield
▼ 2.5% 1 yr
Monroe, LA
$167K home$1,180 rent8.5% yield
▲ 3.3% 1 yr
Alexandria, LA
$172K home$1,029 rent7.2% yield
▲ 4.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.